Post Utme Osustech 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A consumer has an income of ₦1000 and faces a budget constraint of p1x1 + p2x2 = 1000. If the prices of the two goods are p1 = ₦200 and p2 = ₦300, find the consumer's optimal bundle.

Answer Options

A. \( x1 = 2, x2 = 3 \)
Correct Answer B. \( x1 = 3, x2 = 2 \)
C. \( x1 = 4, x2 = 1 \)
D. \( x1 = 5, x2 = 0 \)
Correct Answer
B
Correct Option:
\( x1 = 3, x2 = 2 \)

About This Question

This is Post Utme Osustech 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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